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and insurance broker.

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Awards from
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Feefo logoIndependant User Feedback98%
Customer - Purchase
This is the second time I have used Capital Fortune. On both occasions they have secured a mortgage offer when I thought my chances ...Read More

Expat Mortgages

Buying a property in the UK if you’ve moved abroad can be time-consuming and frustrating, especially if you are paid in a currency other than UK sterling.

The lack of a permanent UK address can also hinder mortgage applications while many of the usual credit checks that lenders in the UK run do not work sufficiently well where borrowers live and work overseas.

It’s not impossible however and our advisers are specialists in securing attractive rates for British expats in just this position.

Which lenders offer expat mortgages?

Following several changes to the mortgage rules since 2010, the number of British lenders offering expats mortgages in the UK has got a lot smaller.

Unlike with straightforward residential mortgages, it’s much harder to find a list of ‘best buy’ rates. This is where a mortgage broker comes in. We have special relationships with a number of lenders that have experience dealing with expat lending.

These include several smaller building societies and a few specialist lenders that deal only with intermediaries.

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What Our Customers Say

Dominic Ballinger - Buy to Let Remortgage
James and Stephen were great. They helped us navigate the process of us refinancing and taking equity out of our U.K. house whilst living in the US. They made the process straight forward and really well managed - thank ...Read More
14 days ago

Customer - Buy to Let
Very knowledgeable and sincere every step of the way in helping me achieve my dream. They took the guessing out of the mortgage selection process and navigated it to the place I needed to be and what I needed to ...Read More
14 days ago

Customer - Purchase
We used capital fortune to secure a mortgage when we were living overseas. Good, sound advice; knowledgeable interlocutor (Peter Bartlett). ...Read More
20 days ago

Customer - Remortgage
Dreadful never return calls can never get hold of them always on the phone apparently ...Read More
22 days ago

Find out more

Can I Get an Expat Mortgage?

Lenders are tough on expats because they have to show evidence that they know you can afford to repay the mortgage payments monthly.

If you are paid in a currency other than sterling, your ability to afford the repayments will be affected by the exchange rate between the pound and the currency you are paid in. This means that most lenders will lend you a mortgage on a smaller proportion of your salary than if you were earning in the UK.

There are more options for those looking to borrow more than £100,000 and who already have a mortgage in the UK. Also expats working in a country that is signed up to the Financial Action Task Force and who earn more than £40,000 or the equivalent in US dollars or in euros are in a reasonably strong position.

There is still help we can offer if your income doesn’t fit this mould. Speak to one of advisers for more information.

Contact Capital Fortune

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What About Expat Buy-to-Let?

While some expats look to buy a property for themselves when they’re coming home after working abroad and therefore need a residential mortgage, most expats buy a property at home and rent it out while they live and work abroad.

For this, you will need a buy-to-let mortgage. The way buy-to-let affordability is assessed has become stricter in recent years but generally speaking, you will need to show that the rental income on the property exceeds the mortgage payment at a ratio of 145 per cent.

For more on buy-to-let mortgages, click here

Because the mortgage affordability relies on rental income in the UK, this can make it easier to secure than an expat residential mortgage. However, proof of address, credit history and income will still need to be verified, especially as some buy-to-let lenders now ask to see personal income to supplement rental income.

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Offshore Mortgages

There are still some lenders that accept applications for offshore companies or individuals using trusts based offshore. This is type of lending can be complex in terms of the tax payable, with the government making several changes in recent Budgets to the way in which offshore investments are treated.

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For this reason, we would always recommend you get independent tax advice if considering using offshore vehicles. Our advisers are specialist in helping investors using these types of investing structures and would be happy to speak to you about how we can help.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.24%Discount2 years5.25%4.61%2 years £0
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.24%Discount2 years5.25%4.61%2 years £0
Progressive BS 2 Year Discount No Fee Purchase BPG1.24%Discount2 years5.25%4.61%2 years £0
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.34%Discount2 years5.25%4.63%2 years £0
Furness BS 2 Year Discount £999 Fee Cashback BFU1.44%Discount2 years5.89%5.2%2 years £999
Beverley BS Complete FS 2 Year Discount £1895 Fee Purchase BBV1.52%Discount2 years4.99%4.4%2 years £1895
Beverley BS 2 Year Discount £1895 Fee Purchase BBV1.52%Discount2 years4.99%4.4%2 years £1895
Scottish BS 2 Year Discount £995 Fee £250 Cashback for Remortgage England Postcodes BSO1.65%Discount2 years5.5%5.1%2 years £995
Scottish BS 2 Year Discount £995 Fee BSO1.65%Discount2 years5.5%5%2 years £995
Scottish BS 2 Year Discount £995 Fee Professional £250 Cashback for Remortgage England Postcodes BSO1.65%Discount2 years5.5%5.1%2 years £995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Progressive BS Northern Ireland Co-Ownership 2 Year Discount No Fee Purchase BPG1.24%
then 5.25
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase Family Assist BPG1.24%
then 5.25
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.24%
then 5.25
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Progressive BS 2 Year Fixed No Fee Purchase Family Assist BPG2.54%
then 5.25
(variable)
FixedRead More
Monmouthshire BS 2 Year Fixed £999 Fee Purchase BMO2.59%
then 4.99
(variable)
FixedRead More
Leeds BS FIRST HOMES SCHEME ONLY 2 Year Fixed No Fee Purchase BLH2.61%
then 5.54
(variable)
FixedRead More
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